Fox Run Management L.L.C. Takes $445,000 Position in Loma Negra Compania Industrial Argentina S.A. Sponsored ADR $LOMA

Key Points

• Fox Run Management L.L.C. acquired 40,520 shares of Loma Negra Compania Industrial Argentina S.A. valued at approximately $445,000 in the first quarter of 2023.
• Several large investors increased their stakes in Loma Negra, with INCA Investments LLC raising holdings by 147.2% to a total of 1,860,276 shares worth $20,444,000.
• Analysts have upgraded Loma Negra's stock ratings, with Bank of America raising their price target to $14.00 and Citigroup initiating coverage with a $16.00 price objective.

Fox Run Management L.L.C. purchased a new stake in shares of Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (NYSE:LOMA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 40,520 shares of the company's stock, valued at approximately $445,000.

Other large investors have also added to or reduced their stakes in the company. Deuterium Capital Management LLC acquired a new stake in Loma Negra Compania Industrial Argentina during the 1st quarter valued at approximately $110,000. Insigneo Advisory Services LLC bought a new position in shares of Loma Negra Compania Industrial Argentina during the 1st quarter worth approximately $135,000. Evolution Wealth Advisors LLC acquired a new position in shares of Loma Negra Compania Industrial Argentina during the 1st quarter valued at $143,000. Clear Creek Financial Management LLC acquired a new position in shares of Loma Negra Compania Industrial Argentina during the first quarter valued at about $211,000. Finally, Simplex Trading LLC increased its position in Loma Negra Compania Industrial Argentina by 23.2% in the 1st quarter. Simplex Trading LLC now owns 19,725 shares of the company's stock valued at $216,000 after buying an additional 3,711 shares in the last quarter. Institutional investors own 19.32% of the company's stock.

Loma Negra Compania Industrial Argentina Stock Down 1.3%

Shares of LOMA traded down $0.1350 during trading hours on Friday, hitting $10.1650. The company had a trading volume of 249,011 shares, compared to its average volume of 499,668. Loma Negra Compania Industrial Argentina S.A. Sponsored ADR has a 52-week low of $6.76 and a 52-week high of $14.17. The stock's 50 day moving average price is $11.14 and its 200 day moving average price is $11.30. The firm has a market cap of $1.19 billion, a P/E ratio of 18.48 and a beta of 1.01.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LOMA. Citigroup began coverage on shares of Loma Negra Compania Industrial Argentina in a research report on Wednesday, June 18th. They set a "buy" rating and a $16.00 target price for the company. Wall Street Zen downgraded shares of Loma Negra Compania Industrial Argentina from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Morgan Stanley raised shares of Loma Negra Compania Industrial Argentina from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $13.00 to $15.00 in a report on Tuesday, May 20th. Finally, Itau BBA Securities upgraded Loma Negra Compania Industrial Argentina from a "market perform" rating to an "outperform" rating and set a $14.20 price objective on the stock in a research note on Monday, May 12th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $14.80.

Loma Negra Compania Industrial Argentina Company Profile

Loma Negra Compañía Industrial Argentina Sociedad Anónima, together with its subsidiaries, manufactures and sells cement and its derivatives in Argentina. The company operates through Cement, Masonry Cement and Lime; Concrete; Railroad; Aggregates; and Others segments. It offers masonry cement, aggregates, ready-mix concrete, concrete, and lime to wholesale distributors, concrete producers, industrial customers, and others for use in the construction.